Capital Gains Tax (CGT) is a tax paid on profits made when you sell or dispose of all or part of an asset. Capital Gains Tax can apply to all owners of UK assets but there are many reliefs available to help you reduce your tax liability. As there are so many variables you will need an accountant who can offer Tax advice to make sure you don’t over pay or under pay. Your local AIMS accountant can advise on all aspects of CGT.
As with all taxes there are deadlines for submission of the tax returns and payment of outstanding tax – miss these and you could be liable for a fine from HM Revenue and Customs. Capital Gains Tax may seem like a minefield to any small business owner but to an AIMS accountant CGT is familiar territory.
AIMS accountants will make sure that all is reported and paid on time – that’s the hard part taken care of. Our accountants will also take a close look at your business and will be able to advise and assist with all of your accounting and tax requirements. This leaves you with peace of mind to run and develop your business and with an AIMS accountant Capital Gains Tax worries become history.